Samsung Targets iPad Pro with Galaxy Tab S4

Milton Rhodes

However, the mobile phone market conditions would likely remain challenging in the second half amid new product launches and pricing competition, said the South Korean company planning to early introduce the Galaxy Note and mid- and low-end models with new features. Analysts were estimating that the smartphone giant only shipped around 31 million Galaxy S9 phones since its release in March. "The product mix keeps delivering for Samsung", he added.

Samsung Electronics has unveiled the latest in its flagship 2-in-1 Android tablet line-up, the Galaxy Tab S4, which offers a slew of new options for consumers thanks to it being able to connect with Samsung DeX. That work has fueled rumors of a foldable smartphone from Samsung for years. The chipmaking unit logged a record quarterly operating profit of 11.61 trillion won (10.38 billion US dollars) in the second quarter on revenue of 21.99 trillion won (19.65 billion USA dollars).

"For OLED, earnings decreased quarter-on-quarter despite improved factory utilization for rigid products, as demand from major customers for flexible panels remained slow", the company explained.

On the other hand, Samsung's handset business reported a big fall in quarterly profit from a year earlier.

Samsung's chipmaking unit, which dominates the global market after the firm invested tens of billions of dollars to build and expand factories, provides chips for Samsung devices as well as those manufactured by competitors including Apple.

Mark Zuckerberg’s fortune tumbles $16.8 billion in a day
Global DAU rates increased by 11% compared to the year-ago quarter, but they were still below what Wall Street was calling for. Shares plunged 19% on Thursday after executives warned that revenue growth would slow as the company focuses on user privacy.

As for specifications, Galaxy Note 9 is expected to come with a 6.3-inch QHD+ Super AMOLED display. ETNews says that this is less than Samsung had planned to sell the phone for.

"Looking forward, more affordable premium devices might be the solution the market needs in the second half of the year to drive shipments back in a positive direction", IDC research manager Anthony Scarsella said at the time.

Samsung IT and communication has gone down 200% in the last quarter. The company said it plans to showcase various QLED models to meet with the high seasonal demand expected for later this year.

Samsung said it also made a decision to hand out dividends of 354 won per shares, with the combined amount of 2.4 trillion won.

Samsung shares were down 0.5 percent in early trading, compared with 0.2 percent drop in the broader market.

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